Life Insurance in Mexico, Trends and Opportunities to 2016: Tax Incentives to Continue to Encourage Investment in Life Insurance Retirement Products

In terms of written premium, Mexico is the second-largest insurance market in Latin America after Brazil. In 2011, the life insurance segment accounted for 45.5% of the overall insurance premium in Mexico. Life insurance is used by 18% of households, but just 7% of rural households, in Mexico. Over the forecast period, the life insurance market is expected to increase at a healthy CAGR, driven by the low penetration levels, tax incentives promoting retirement savings and the introduction of Solvency II regulations.

Scope
This report provides a comprehensive analysis of the life insurance market in Mexico:

• It provides historical values for Mexico’s life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Mexico’s life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for life insurance products in Mexico
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Mexico for the life insurance business
• It provides a detailed analysis of the reinsurance market in Mexico and its growth prospects
• It profiles the top life insurance companies in Mexico, and outlines the key regulations affecting them

• The Mexican life insurance market’s growth prospects by life insurance categories and customer segments
• The various distribution channels in the Mexican life insurance market
• The competitive landscape in the Mexican life insurance market
• A description of the life reinsurance market in Mexico

• In 2011, the life insurance segment accounted for 45.5% of the overall insurance premium in Mexico. Life insurance is used by 18% of households, but just 7% of rural households, in Mexico
• Bancassurance is the most popular channel for distributing pension products and other savings-type life insurance products with post-retirement benefits. Bancassurance accounted for 70.4% of the new business written premium for Mexico in 2011 and is expected to be the dominant distribution channel over the forecast period
• The Mexican insurance business regulatory body, Comisión Nacional de Seguros y Fianzas (CNSF) is planning to implement Solvency II regulations in 2014, which are expected to contribute to increasing the industry’s market penetration
• Mexican insurance industry is open to foreign participation. Around 60% of the life insurance premium market share belongs to foreign companies

• Make strategic business decisions using top-level historic and forecast market data related to the Mexico life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Mexican life insurance market
• Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Mexican insurance market and its impact on companies and the market's future